Swiss Re: Broad market hardening now expected in 2018Swiss Re’s chief economist Kurt Karl has today (21 November) predicted a broad market hardening of P&C rates in 2018 beyond loss-affected lines following the $130bn of capital that has been stripped from the industry this year.
Transformation is now inevitable, Munich ReThe reinsurance industry must undergo a digital transformation if it is to keep pace with the changing shape of world business.
Cyber clauses have to be examined says marine chiefThe Chairman of the international Union of Marine insurance’s (IUMI) Ocean Hull Committee, has warned underwriters need to re-examine their approach to cyber risk.
Irma takes rate discussions off the tableWhile the full impact of hurricanes Irma and Harvey has yet to be calculated the potential losses have dominated the discussions at the Monte Carlo Rendez-Vous.
Swiss Re warns on cyber aggregationsSwiss Re’s head of Reinsurance is urging the industry to take a considered approach to cyber given the potential aggregation risks and that some risks were so systemic that only governments can reinsure.